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The Key Points In The Technical Analysis

To make a buy or sell decision in forex trading, it should do an analysis of both technical analysis or fundamental analysis, or it could be a combination of both. From the analysis of that, then I took a conclusions that ultimately will determine whether I will do the buying or selling or not do both.

Principles in technical analysis, so far as I'm concerned is as follows:

  1. See chart
  2. Determining the type of trader, the type of game I wanted to use. Is scalping, intraday, mid term, long term.
  3. Determine and analyze the big picture of what is happening in the big picture and make the scenario.
  4. Determine the time frame that is smaller than the big folder and perform more detailed analysis to see the price movement is happening and making scenarios.
  5. A decision whether to buy, sell or just wait (waiting for the right time to make a buy or sell). Obviously based on scenarios that have been made previously.
  6. Observe the price movement after the transaction. Is the price moves according to the scenario or not.

So like that's the key points in the technical analysis in general that I know of. However, it is not the main criterion because each trader has their own way. However, in general, and based on what I've learned today, that's how I do anilisa technical.
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